Business View Magazine | October 2020

131 BUSINESS VIEW MAGAZINE OCTOBER 2020 deals with distressed assets as they relate to credit unions – repos and those sorts of things. The value is, we’re providing a higher level of service to build revenue for ourselves and easing the burden for other credit unions that participate.” “With interest rates as low as they are, the margins are compressed so you have to look for other ways to generate income,” Marovich adds. “So, it’s becoming more and more of a trend.” Marovich stresses that 121 Financial is also committed to strengthening the broader community of Jacksonville by supporting local organizations, charities, and events that best reflect the values of its members and its community. It selects donation and sponsorship opportunities where it can make an impact in the community, while promoting the health and well-being of those in need. Two local recipients have been the Gabriel House of Care, which provides affordable lodging for cancer and Get distressed assets off your books faster than ever before • Powered by QCAR Solut i ons , a Cred i t Uni on Serv i ce Organi zat i on (CUSO) • No more operat i onal or auct i on headaches • Avo i d monthl y storage fees • Greater value and faster payments for your assets • Autos , Boats , RVs , Motorcyc les , etc Let us bring QCAR Solutions to your area. i n fo@day 1 1 .com • 904-290-7090 POWEREDBYQCAR �1,600 sav ings per asset ! 121 F INANC I AL CREDI T UNION organ transplant patients, and the Florida Small Business Development Center at the University of North Florida, which offers business relief services. And in 2019, 121 Financial introduced its Giving Circle Campaign, wherein employees nominate non-profit organizations and charities for recognition and financial awards. Finally, this past year, the 121 Financial Credit Union obtained the naming rights for the 121 Financial Ball Park, which is the home field of the Jacksonville Jumbo Shrimp, a major league, AA team affiliated with the Florida Marlins.